35000 US Highway 19 N - Restaurant FOR SALE


Palm Harbor, FL 34684
$2,300,000 USD
727-410-2800
35000 US Highway 19 N, Palm Harbor, FL for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/8
null | 5.5% Cap Rate

35000 US Highway 19 N
Palm Harbor, FL 34684


HIGHLIGHTS

  • Metro Diner operates under a new 10-year NNN lease, ensuring stable income with minimal landlord responsibilities.
  • Positioned along US Highway 19, a major north-south corridor with high traffic counts and excellent accessibility.
  • Located within The Fountains Shopping Center, a ±83,300 SF mixed-use development featuring retail, dining, and medical tenants.
  • Surrounded by strong national retailers and healthcare providers, reinforcing long-term trade area stability.
  • Ideal for 1031 exchange buyers seeking a passive, low-maintenance investment profile.
  • Tenant is a nationally recognized brand with a multi-state presence and proven performance history.

OVERVIEW

This ±3,662 SF freestanding outparcel building is fully leased to Metro Diner under a brand-new 10-year NNN lease, providing investors with secure, long-term cash flow backed by a nationally recognized restaurant brand. Strategically located along US Highway 19 North, one of Pinellas County’s most heavily traveled commercial corridors, the property offers exceptional visibility, strong daily traffic counts, and convenient ingress and egress within The Fountains Shopping Center. The surrounding trade area is anchored by major national retailers such as Publix, Walmart, Target, Home Depot, Lowe’s, and Chick-fil-A, as well as healthcare-oriented tenants including BayCare Outpatient Services and Mease Countryside Hospital. This synergy supports consistent consumer demand and long-term stability. With a passive, low-management net lease structure and a tenant with proven operational performance, this property represents a premier investment opportunity in one of Tampa Bay’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$628 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,422 SF

ZONING

ROR

APN/PARCEL ID

31-27-16-00000-310-0600

ASK ABOUT THIS PROPERTY

David McComasEuropean Equities CorporationMore Info
727-410-2800

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David McComasEuropean Equities CorporationMore Info
727-410-2800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.